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More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.
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With about three weeks remaining in the third quarter of the year, the less-than-truckload carrier Old Dominion Freight Line on Tuesday reported increases in the amount of freight it has handled over the previous two months.
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UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.
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The less-than-truckload carrier Old Dominion Freight Line Inc. on Monday reported a year-over-year increase in tons per day for May of 9.6%, following growth of 9.7% for April.
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Old Dominion Freight Line announced that Greg C. Gantt has been promoted to the president and chief operating officer of the company, replacing David S. Congdon as the company’s president.
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Old Dominion Freight Line saw first quarter net income increase 36.3% from a year earlier, totaling $62.5 million, driven by expansion in its market share and a new record in first-quarter operating ratio for the LTL carrier.
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How has the less-than-truckload business changed over the past decade? Stifel Transportation & Logistics Research Group decided to explore that topic in a recent note to investors.
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The less-than-truckload carrier Old Dominion Freight line has reported net income for the final quarter of 2014 rose 48.2% to $69.9 million from $47.2 million a year earlier.
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A federal jury earlier this month found that the trucking company Old Dominion Freight Line violated federal disability discrimination law when it denied accommodation to -- and then fired -- a truck driver who self-reported alcohol abuse, according to the U.S. Equal Employment Opportunity Commission.
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The less-than-truckload carrier Old Dominion Freight Line Inc. said Monday it will implement a general rate increase averaging 4.5%, effective January 5, 2015.
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